Prasarn says Thailand still unsure of CCP viability
Emerging markets need more time to weigh the costs and benefits of over-the-counter derivatives reforms being pushed by the G-20 and Basel Committee on Banking Supervision (BCBS), according to Prasarn Trairatvorakul, the governor of the Bank of Thailand.
In a speech yesterday to the G-20 in Sydney, Prasarn praised the "big step forward" in regulation since the financial crisis, led by the Basel Committee, but cautioned against a one-size-fits-all approach. He noted in particular that the size of
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